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Summary of Significant Accounting Policies | 9 Months Ended
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Jul. 31, 2024
Accounting Policies [Abstract] |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies Comprehensive Income (Loss) Comprehensive income (loss) represents all changes in a company’s net assets, except changes resulting from transactions with stockholders. Other comprehensive income or loss includes foreign currency translation items and defined benefit pension items. Accumulated other comprehensive loss is reported as a component of the Company's stockholders' equity. The following table summarizes other comprehensive (loss) income by component (in thousands):
| Three Months Ended July 31,
| 2024 |  | 2023
| Pre-tax Amount |  | Tax Expense |  | Net Amount |  | Pre-tax Amount |  | Tax Expense |  | Net Amount
Foreign currency translation adjustments | $ | (10) |  |  | $ | — |  |  | $ | (10) |  |  | $ | (485) |  |  | $ | — |  |  | $ | (485) |
Other comprehensive loss | $ | (10) |  |  | $ | — |  |  | $ | (10) |  |  | $ | (485) |  |  | $ | — |  |  | $ | (485) |
| Nine Months Ended July 31,
| 2024 |  | 2023
| Pre-tax Amount |  | Tax Expense |  | Net Amount |  | Pre-tax Amount |  | Tax Benefit (Expense) |  | Net Amount
Foreign currency translation adjustments | $ | (714) |  |  | $ | — |  |  | $ | (714) |  |  | $ | 1,688 |  |  | $ | — |  |  | $ | 1,688 |
Minimum pension liability adjustments: |  |  |  |  |  |  |  |  |  |  |
Other comprehensive (loss) income before reclassifications | — |  |  | — |  |  | — |  |  | (355) |  |  | 135 |  |  | (220) |
Amounts reclassified to earnings included in “Other income (expense), net” | — |  |  | — |  |  | — |  |  | 2,700 |  |  | (756) |  |  | 1,944 |
Other comprehensive (loss) income | $ | (714) |  |  | $ | — |  |  | $ | (714) |  |  | $ | 4,033 |  |  | $ | (621) |  |  | $ | 3,412 |
Summary of Significant Accounting Policies (continued) Comprehensive Income (Loss) (continued) The following table summarizes the changes in accumulated other comprehensive loss by component (in thousands):
| Foreign Currency Translation Loss |  | Defined Benefit Pension Plan |  |  |  | Accumulated Other Comprehensive Loss
Balance at October 31, 2023 | $ | (5,666) |  |  | $ | — |  |  |  |  | $ | (5,666) |
Other comprehensive loss | (714) |  |  | — |  |  |  |  | (714) |
Balance at July 31, 2024 | $ | (6,380) |  |  | $ | — |  |  |  |  | $ | (6,380) |
| Foreign Currency Translation (Loss) Gain |  | Defined Benefit Pension Plan |  |  |  | Accumulated Other Comprehensive (Loss) Income
Balance at October 31, 2022 | $ | (6,184) |  |  | $ | (1,724) |  |  |  |  | $ | (7,908) |
Other comprehensive income | 1,688 |  |  | 1,724 |  |  |  |  | 3,412 |
Balance at July 31, 2023 | $ | (4,496) |  |  | $ | — |  |  |  |  | $ | (4,496) |
COVID-19 Pandemic The decline in demand for the Company's products as a result of the COVID-19 pandemic negatively impacted the Company's sales and profitability beginning in the second quarter of fiscal year 2020. The export market for fresh produce continues to experience decreased demand and the COVID-19 pandemic may continue to impact the Company's sales and profitability in future periods. The duration of these trends and the magnitude of such impacts are uncertain and therefore cannot be estimated at this time, as they are influenced by a number of factors, many of which are outside management’s control. Recent Accounting Pronouncements Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ASU 2023-07 is intended to improve reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses, the chief operating decision maker (“CODM”), and how the CODM uses the reported measure(s) of segment profit or loss. This amendment also requires that a public entity provide all annual disclosures about a reportable segment’s profit or loss and assets currently required by FASB Accounting Standards Codification Topic 280, Segment Reporting, in interim periods. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. A public entity should apply the amendments retrospectively to all prior periods presented in the financial statements. The Company is currently evaluating the impact of this guidance on its consolidated financial statements. ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures ASU 2023-09 requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The ASU is effective for public business entities with annual periods beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of this guidance on its consolidated financial statements. SEC Release No. 33-11275: The Enhancement and Standardization of Climate-Related Disclosures for Investors In March 2024, the SEC adopted final rules under SEC Release No. 33-11275: The Enhancement and Standardization of Climate-Related Disclosures for Investors, which requires registrants to provide certain climate-related information in their registration statements and annual reports. The rules require information about a registrant's climate-related risks that are reasonably likely to have a material impact on its business, results of operations, or financial condition. These requirements are effective for the Company in various fiscal years, starting with its fiscal year beginning November 1, 2026. On April 4, 2024, the SEC determined to voluntarily stay the final rules pending certain legal challenges. The Company is currently evaluating the impact of these final rules on its consolidated financial statements and disclosures. Summary of Significant Accounting Policies (continued) Concentrations Concentrations of credit risk with respect to revenues and accounts receivable are limited due to a large, diverse customer base. One individual customer represented 13% of revenue for the nine months ended July 31, 2024. One individual customer represented 10% of accounts receivable, net as of July 31, 2024. No individual vendor represented more than 10% of accounts payable as of July 31, 2024. Lemons procured from third-party growers were 73% and 53% of the Company's lemon supply for the nine months ended July 31, 2024 and 2023, respectively. One third-party grower was 14% of the Company's lemon supply for the nine months ended July 31, 2024. The Company maintains its cash in federally insured financial institutions. The account balances at these institutions periodically exceed Federal Deposit Insurance Corporation (“FDIC”) insurance coverage and, as a result, there is a concentration of risk related to amounts on deposit in excess of FDIC insurance coverage.

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